obligations [plural]
► things that you must do or pay because of a law, rule, agreement, etc.: impose/place obligations on sb »
The law imposes certain obligations on public authorities.
fulfil/meet your obligations »He has fulfilled the obligations of his current contract.
contractual/financial/statutory obligations »Failure to meet contractual obligations may result in legal action.
Main Entry: ↑obligation
Financial and business terms. 2012.